Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Good morning, this is Savio Shetty, an equities reporter in Mumbai. Traders face a sea of red across Asian equities this morning following US President Donald Trump’s announcement of a minimum 10% tariff on all US imports and additional duties for major trading partners. Investors are assessing the impact of the tariffs, which include a 26% levy on India, slightly higher than rates imposed on the EU, Japan, and South Korea. Meanwhile, pharmaceutical shares may attract attention, having won a reprieve for now.